Dutch Home Prices Rise 9.7% in May

Prices for homes in the Netherlands continued to soar in May, with existing owner-occupied homes costing 9.7 percent more that month than they did the year before. The price was based on figures from Statistics Netherlands (CBS) and the Land Registry and the average house price stood at 471,875 euro.

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Modest Slowing From April, but Still Moving Up
Although the May increase from the same month a year ago was fractionally smaller than in April, when prices gained 10 percent, they were still 0.6 percent higher compared with the previous month. Home values crested in July 2022, declined thereafter, then started rising again beginning in June 2023. Prices are now 11.7 percent higher than the July 2022 peak.

Strong Demand, Short Supply Fueling Prices
The continued steady rise in prices has primarily been fueled by a shortage of homes for sale, lower mortgage interest rates, and increasing incomes, making it possible for buyers to afford more expensive homes.

In May, 19,614 homes were sold — 11.5 percent more than the number sold in the same month last year. Transaction volumes between January and May 2025 totaled 90,003, up 16 percent from the same period a year earlier.

CBS also said that prices rose in almost all Dutch municipalities in the first quarter of the year. Bunnik had the highest increase, 19.8 percent, followed by Waddinxveen (18.7 percent) and Gouda (18 percent). Texel and Vught were the only towns to see prices fall.